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FUN FACT
In 2010, a Florida-based developer paid 10,000 bitcoin for two pizzas (worth then about $40). It is generally acknowledged as the first commercial bitcoin transaction.
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4. Transaction
In January 2009, computer scientist Hal Finney received the world’s first bitcoin transaction from the network‘s pseudonymous founder, Satoshi Nakamoto.
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1. History
It’s a common perception that blockchain technology was invented with the emergence of Bitcoin, but this is not entirely true.
An early version of a cryptographically secured, timestamped chain of blocks was described by computer scientists Stuart Haber and W. Scott Stornetta in 1991.
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2. Key Features
Most blockchains work as a digital ledger that is shared among a distributed network of computer nodes.
Blockchains are best known for their crucial role in the cryptocurrency industry, for maintaining a secure and decentralized record of transactions.
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3. Use Cases
Blockchain has a large number of use cases. Let's take a look at some examples:
- Remittance: Blockchain simplifies the process of transferring money to a distant location by eliminating unnecessary intermediaries and reducing transaction fees.
- Digital ar...
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CURATED FROM
IDEAS CURATED BY
Are you sure you know everything about blockchain? Blockchain is a word you may have heard many times, but do you know when the technology was invented? Here are 4 facts that are key to understanding blockchain.
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Other curated ideas on this topic:
Mt. Gox
Magic: The Gathering Online eXchange (Mt.Gox) launched a bitcoin exchange in 2010. It let people buy bitcoin and sell using bank transfers.
The early years of Mt.Gox revealed that online currency m...
Fun Facts
- The NFL restricts the use of the phrase “Super Bowl” for advertising purposes.
- The Pittsburgh Steelers and New England Patriots each have six Super Bowl victories—the most of any team.
- The Denver Broncos and New England Patriots are tied for the record for the most Super B...
The 80/20 approach vs. 10,000 hours rule
- The 80/20 method: You can get 80 % proficiency in a subject in about 6 - 12 months.
- The 10,000-hour rule: You can become an expert at something if you spend 10,000 hours of deliberate practice on it.
To go from zero to 80% (good enough) requires a different...
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